PolycarbonateSheets: Introduction
· Polycarbonate is a thermoplastic that has organic functionalgroups attached to a carbonate group. It is one of the widely usedthermoplastics across the globe. Polycarbonate offers excellent dimensionalstability and optical clarity; outstanding impact resistance; and superiorthermal resistance. These high-performance attributes make polycarbonate anideal plastic material for various applications that require high thermalresistance and impact resistance. Polycarbonates are better than otherthermoplastic materials such as PMMA and acrylic, due to their ability todegrade minimally when heated and cooled.
· Polycarbonate sheets are used in various industries such asbuilding & construction, automotive, and electrical & electronics.Properties such as optical clarity, high strength, thermal stability, andexcellent dimensional stability make polycarbonate sheet a material of choicein the manufacture of vandal-proof glazing, riot shields, electric components,baby-feeding bottles, headlamp lenses, and safety helmets.
· Polycarbonate sheets are extensively used as clear roofing inbuildings, due to their superior finish. Superior finish and affordability makepolycarbonate sheets an ideal material for automotive applications. Thematerial is also used for applications such as kitchen utensils, due to itsability to be cut, rolled, and adjoined in different shapes.
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Key Drivers and Restraints of Polycarbonate Sheets Market
· Rise in demand for polycarbonate sheets for clear roofing andextensive usage of this roofing in commercial spaces are expected to boost the polycarbonatesheets market in the next few years. This is prompting companies toincrease the production of polycarbonate sheets.
· Easy availability of raw materials is anticipated to boost thedemand for polycarbonate sheets in the near future
· Technological advancements in polycarbonate sheets areincreasing. Companies are constantly striving to develop new and better methodsto manufacture these sheets. Development of new manufacturing processes forpolycarbonate sheets and rise in usage of these sheets are estimated to propelthe market during the forecast period. However, volatility in prices of rawmaterials is projected to hamper the market in the near future.
PolycarbonateSheets Market: Segments
· The polycarbonate sheets market can be segmented based on type,end-use industry, and region
· Based on type, the polycarbonate sheets market can be dividedinto solid, multiwall, corrugated, and others. The solid segment dominates themarket, due to extensive usage of solid polycarbonate sheets in end-useindustries such as building & construction and automotive across the globe.
· Based on end-use industry, the polycarbonate sheets market canbe divided into building & construction, automotive, and electrical &electronics. The building & construction segment dominates the market, dueto extensive usage of polycarbonate sheets as roofing in commercial buildingsacross the globe.
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COVID-19 Impact on Polycarbonate Sheets Market
· Emergence of the new COVID strain in many developed anddeveloping countries has adversely affected the health care infrastructure.Hospital staff, medicines, oxygen beds, and ventilators are in short supply.Supply chains are facing disruptions, leading to disturbances in productionactivities in many countries. This is adversely affecting the globalpolycarbonate sheets market.
· On January 30, 2020, the International Health RegulationsEmergency Committee of the World Health Organization (WHO) declaredthe Coronavirus disease (COVID-19) outbreak a public health emergencyof international concern. Originating in China, the virus has spread to atleast 213 countries and territories around the world.
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North America to Dominate Polycarbonate Sheets Market
· In terms of geography, the global polycarbonate sheets marketcan be segmented into North America, Latin America, Asia Pacific, Europe, andMiddle East & Africa
· North America is anticipated to constitute major share of theglobal market during the forecast period
· The polycarbonate sheets market in Asia Pacific is estimated toexpand at a significant pace from 2021 to 2031, due to the rise in demand forthese sheets in commercial applications in the region
· Middle East & Africa is likely to be an attractive region ofthe global polycarbonate sheets between 2021 and 2031, owing to increase in thedemand for these sheets in residential construction in the region
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Key Manufacturers Operating in Global Polycarbonate Sheets
· The global polycarbonate sheets market was consolidated in 2020.Major players have prominent presence in developed and developing countries.Key manufacturers operating in the global polycarbonate sheets market include:
o Living Nature
o SABIC
o Covestro AG
o Evonik Industries AG
o Plazit-Polygal Group
o Teijin Limited
o Suzhou Omay OpticalMaterials Co., Ltd.
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